Edward Moskop, of Bellevue, faces charges of mail fraud and money laundering after an indictment on May 18, 2011. He is accused of a scheme that supposedly took $2.4 million from over two dozen people. To pull off the scheme, Moskop allegedly faked or forged account numbers, receipts, and even annual statements. This is supposed to have taken place through his company Moskop & Associates. The victims of Moskop's Illinois investment scheme included his friends, family, and local war veterans.
These charges come after a previous lawsuit for fraud. In November, Moskop had been sued by the SEC for allegedly bilking an immigrant couple from Poland out of their life savings. The couple, 88 and 84, reportedly gave money to Moskop believing he was using it to invest in certificates of deposit.
The suit alleges Moskop instead used those funds for his own personal use after forging the certificates of deposit. When confronted, he sent two checks to the couple for their supposed proceeds, but both checks bounced. As a result of the suit, he lost his license to sell securities. His assets, and those of his company, were frozen. His court date for the current case is set for June 6th.
The investment fraud attorneys with Meyer Wilson represent victims of securities fraud nationwide in stockbroker mediation, arbitration, and litigation claims. Feel free to contact us at (888) 390-6491 with any questions.